Jump to content

      













Photo

MLS: why is a property no longer on the market still listed on MLS?


  • Please log in to reply
26 replies to this topic

#1 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 07 September 2012 - 07:02 AM

A house down the road from me was taken off the market more than a month ago but the listing remains on MLS. Why would that be?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 07 September 2012 - 07:16 AM

A house down the road from me was taken off the market more than a month ago but the listing remains on MLS. Why would that be?


I vote for Realtor® incompetence!
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#3 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 07 September 2012 - 07:19 AM

Could be, but the realtor is a big name in town. I wonder why she'd overlook such a large part of delisting a property, unless perhaps that is a strategy to continue generating leads?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#4 MarkoJ

MarkoJ
  • Member
  • 4,793 posts
  • LocationVictoria

Posted 07 September 2012 - 08:26 AM

A house down the road from me was taken off the market more than a month ago but the listing remains on MLS. Why would that be?


Hi Mike, I find it hard to believe the property has been taken off the market and it is still on MLS® a month later. When a REALTOR® logs into their database on the home page they immediately see a section called "My On Market Listings," making it virtually impossible to forget to cancel a MLS listing.

For example, I currently have 18 listings. If I cancelled a listing I would hope the next day it would show 17 listings, if it didn't, I would be calling the VREB.

PS. How do you know it was taken off the market?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#5 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 07 September 2012 - 09:04 AM

The property in question is this one. And I need to clarify that the house was taken off the market exactly 25 days ago, not over a month ago as I had previously estimated.

Signs were removed on the 13th of August and a conversation with tenants in one of the suites confirmed that the property was no longer for sale. It sat on the market for quite a while and the price was reduced at some point. This is why I'm confused about the property, is it or is it not for sale? It sure looks that way according to MLS but down on the ground it's a different story.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#6 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 07 September 2012 - 09:06 AM

The property in question is this one.

And I need to clarify that the house was taken off the market exactly 25 days ago, not over a month ago as I had previously estimated.

Signs were removed on the 13th of August and a conversation with tenants in one of the suites confirmed that the property was no longer for sale.


Well, just because signs were taken down doesn't mean it's not still for sale. Only the owner can answer that. Maybe he doesn't want to bug his tenants, but yes, it's still for sale with limited viewing etc.
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#7 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 07 September 2012 - 09:13 AM

I suppose I'd chalk it up to not wanting a for sale sign to remain a permanent fixture on the boulevard and the tenants having misheard or misinterpreted (but then again, tenants are usually very aware with what's happening with the home they rent).

That being said it must be a bit awkward knowing your property remains for sale while other nearby properties sell within a month (one very similar home several houses down with water views sold within two weeks).

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#8 Bernard

Bernard
  • Member
  • 4,241 posts
  • LocationVictoria BC

Posted 07 September 2012 - 11:38 AM

The realtor still has it up on her website so I assume that it must still be on the market.

#9 lumix

lumix
  • Member
  • 26 posts

Posted 07 September 2012 - 05:24 PM

From the pictures, it looks like a pretty nice house!

#10 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 08 September 2012 - 06:21 AM

So let's reword the questions then. Why would a realtor/owner remove the signage from the property but keep the home listed? Is this a pride issue or is this some type of tactic that involves placing new signage a few months after the originals were taken down? Marko?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#11 MarkoJ

MarkoJ
  • Member
  • 4,793 posts
  • LocationVictoria

Posted 08 September 2012 - 07:37 AM

So let's reword the questions then. Why would a realtor/owner remove the signage from the property but keep the home listed? Is this a pride issue or is this some type of tactic that involves placing new signage a few months after the originals were taken down? Marko?


It would probably be done at the owner's request. Some owners like their privacy and don't want neighbours asking questions. Given this is a rental property maybe they are still renting units and don't want renters being put off by the for sale sign? Who knows.

I don't think it is a tactic by a REALTOR®, it is good to always have a sign up.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#12 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 08 September 2012 - 07:50 AM

Given this is a rental property maybe they are still renting units and don't want renters being put off by the for sale sign? Who knows.


Units are indeed still rented. The sign was up for many months, including a change to alert people to a drop in price, and then one day removed.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#13 Holden West

Holden West

    Va va voom!

  • Member
  • 9,058 posts

Posted 08 September 2012 - 07:51 AM

^In other news--wow, look how irrelevant print ads (Real Estate Victoria; classifieds) have become. REV used to be the go-to guide for finding a home.
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009

#14 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 08 September 2012 - 07:57 AM

^In other news--wow, look how irrelevant print ads (Real Estate Victoria; classifieds) have become. REV used to be the go-to guide for finding a home.


Yes, but I also think that since this was a Realtor® created survey, they overestimate the strength of their own search engine, and their own work (#1 and #2). I think mls.ca was probably underrated here.
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#15 MarkoJ

MarkoJ
  • Member
  • 4,793 posts
  • LocationVictoria

Posted 08 September 2012 - 05:25 PM

Yes, but I also think that since this was a Realtor® created survey, they overestimate the strength of their own search engine, and their own work (#1 and #2). I think mls.ca was probably underrated here.


I agree with you that REALTORS® will typically overestimate the strength of MLS® and their role in selling the property; however, I don't think realtor.ca is underrated. I work with a lot of buyers and the first thing I do is set them up on a private client services account. Rarely does an individual call me and say, "hey I found a great property on realtor.ca” Most of the time they find it in the private client service account. The reason most serious buyers don't like realtor.ca is because it provides very limited information on a property.

As far as print advertising, the Rev gets thinner every month. Online marketing is far superior in this day and age. Some of my favourites include buying a premium ad on usedvictoria.com ($33 for 5 days), etc.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#16 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 11 October 2012 - 02:16 PM

Marko, can you confirm whether not the property in question (I think ID 12146580?) sold or if it was taken off the market? The listing is no longer active on MLS.ca.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#17 MarkoJ

MarkoJ
  • Member
  • 4,793 posts
  • LocationVictoria

Posted 11 October 2012 - 03:58 PM

Are you talking about 1004 Catherine St?

The listing expired after 106 days on market.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#18 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 11 October 2012 - 06:26 PM

Weird, it was on the market for much, much longer than 106 days. I first brought up this property in early July after it had been sitting on the market for (what I assumed at the time) had been five months, give or take.

The strangeness continues, I suppose.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#19 MarkoJ

MarkoJ
  • Member
  • 4,793 posts
  • LocationVictoria

Posted 11 October 2012 - 07:47 PM

I should have clarified, it was listed twice.

First Listing - 116 DOM.
Second Listing - 106 DOM.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#20 Mike K.

Mike K.
  • Administrator
  • 50,426 posts

Posted 11 October 2012 - 08:16 PM

Ah, ok that makes sense.

Now when you say "expire," what does that mean exactly?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


You're not quite at the end of this discussion topic!

Use the page links at the lower-left to go to the next page to read additional posts.
 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users